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The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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Two Cyber Security Investments With a Silver Lining

Banking 2020

Or worse, hackers have stolen customer data and are threatening to release it. MarketWatch reported that in April 2015, cyber attackers threatened more than 100 financial firms with DDoS extortion. 63 percent of all reported data breaches in the last 12 months originated with a keylogger. Talk about a bad Monday.

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UK To Spend Close To £2 Billion To Fight Cyberattacks

PYMNTS

is a particular target for data breaches that involve compromised employee account data. government plans to work with industry partners, such as Bath-based Netcraft — an outfit that specializes in internet security services and counts clients that include Microsoft, BT, Cisco and Intel.

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Some Fintech Podcasts To Add To Your List

William Mills

The podcast is hosted by Sam Maule, Head of Digital/Fintech NTT Data, who is considered one of the most knowledgeable voices in fintech. The team also consists of Rachel Morrissey, executive producer of Fintech5, and Mike King, a fintech social media leader and author of Bankwide. Bank on IT. BAI Banking Strategies. BankSocial.

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Banks battling a barrage of cyber attacks

NCR

According to an Accenture survey , senior bank staff who participated believe their cyber security defenses are secure even though one-third of attempts by cybercriminals to breach banks are successful. Online fraud is one of the biggest challenges for the financial community. billion by 2020. Image: iStock/hh5800.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”. While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability.

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BA To Reveal Fine Print On GDPR Fines?

PYMNTS

In the wake of the news earlier this month that British Airways had found, and reported, a data breach within the 72 hours mandated by the General Data Protection Regulation , the question remains: How much is it going to cost, if anything? In the ICO investigations that followed, the regulator said that when it came to data of U.K.

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